The discount of Iranian crude selling in China has jumped to more than $6 per barrel compared to Brent, as stocks at the key import hubs of the independent refiners have reached record highs, trade sources told Reuters on Tuesday. The discount for Iran’s crude for October loading has increased to over $6 per barrel compared to the ICE Brent price, up from $5 a barrel discount at the start of September and from a $3 per barrel discount in March. The discount has widened even as fresh U.S. sanctions have h ...

Discounts for Iranian oil in China have widened on record stock levels at a major refining hub and as a shortage of import quotas towards year-end hindered buying by independent processors, six trade sources told Reuters. ...

Core Viewpoint - Oil prices remained stable as investors evaluated the potential impact of Ukrainian drone attacks on Russian refineries, which could affect crude and fuel exports [1] Group 1: Market Impact - The drone attacks on Russian refineries have raised concerns about possible disruptions in crude and fuel exports from Russia [1] - Investors are closely monitoring U.S. fuel demand as part of their assessment of the oil market [1]

Ukrainians services use a reconnaissance drone to look for Russian logistical facilities. Ukraine is increasingly targeting Russia’s oil refineries and export facilities with drones, taking the fight beyond the battlefield to strike at Moscow’s economy. Most Read from Bloomberg On Friday, Ukraine claimed to have struck facilities handling almost half of Russia’s seaborne crude exports. The attacks — part of a 200-plus drone raid centered on the Leningrad region bordering Finland and Estonia — came soon a ...